Marico continues its acquisition spree

FMCG player, Marico, is looking at buying out more companies and brands in the Asian and African regions as part of its expansion plan. The firm, which sells hair oil brands like ‘Parachute’ is planning to introduce products from its recently-acquired Singapore-based personal care brand Derma RX in India in the next two months. “Regarding acquisition, we are looking at Asian and African geographies”, says Harsh Mariwala, Chiarman and MD, Marico Ltd. This year, Marico has made three global acquisitions, including Derma RX. In January, the company bought Malaysian personal care brand Code 10 from FMCG giant Colgate-Palmolive for an undisclosed amount. It has also bought South African over-the-counter health care brand ‘Ingwe’ last month.